Shell sells assets to Merit

The Houston Chronicle reported in late September that Shell Exploration & Production had sold all of its oil and natural gas wells, plus related facilities, in Michigan to Dallas-based Merit Energy for $445 million. The Houston daily said the sale involved approximately 500 wells that are producing 3,650 barrels of oil per day and 53.7 million cubic feet of natural gas, as well as 36 central producing areas, two gas processing plants and associated pipelines.